Turkey's Tupras Q1 Net Profit Almost Quadruples Y/Y

Turkish oil refiner Tupras [BIST:TUPRS] said Friday its first-quarter net profit surged to 511 million Turkish lira ($246 million/178 million euro) from 129 million lira a year ago.

The company booked 285 million lira in deferred tax income during the reviewed period, it said in its financial statement.

First-quarter operating ptofit jumped to 272 million lira from 53 million lira a year earlier.

Revenue increased 13.4% on the year to 9.3 billion lira.

Source: SeeNews